Persistent Output Gaps: Causes and Policy Remedies

Date:

Thursday, 3 September 2015 to Friday, 4 September 2015

Venue:

Cambridge (UK)

In many European economies, the recovery following the financial crisis has proven either sluggish or non-existent. Many countries suffer from persistently high level of unemployment, coupled with sluggish credit dynamics and stretched fiscal budgets. These outcomes put pressure on policymakers to step up the growth potential of their economies, so as to absorb the slack in labour markets and to stabilize debt dynamics.

The conference seeks to bring together academics entertaining different views about the likely sources and remedies to the European situation.